Net Asset Value(s)

    GOVETT HIGH INCOME INVESTMENT TRUST PLC                   
NAV PER SHARE                              As at          
                                           27-Jan-04      
excluding undistributed current year                      
revenue                                                   
Ordinary shares                            0.0p           
Income shares                              0.0p           
Zero Dividend Preference shares            59.2p          
TOTAL ASSETS                               £28.15m        



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